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DNXCorp SE (ALDNX) Fair Value & Analysis

Communication Services · FR · Market cap €41.8M

DS DNXCorp SE ALDNX · PA
Price€19.40
Fair Value€30.28
Upside+56.1%
Quality65/100
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Expensive Growth
Highly profitable · 22.6% net margin
generates free cash flow
2.94% dividend yield
Ranks above peers (9/14)
Wide moat 89/100
Evidence: High Range €25.86 – €51.18 Share as image

Fair value as of: Jul 16, 2026

From 22 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from €43.25 to €30.28 (−30.0%) since Jun 25, 2026. Share price −2.8% over the past month.

A solid business, screening 56% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€25.86). The market is more pessimistic than our downside scenario.
  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€25.86 to €51.18) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€22.70 €5.14 Fair Value €30.28 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €5.14 – €22.70 · fair‑value band €25.86 – €51.18 · the €19.40 price screens below the €30.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

DNXCorp SE (ALDNX) currently trades at €19.40, while our model-based Fair Value estimate is €30.28, implying the stock looks roughly 56.1% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, DNXCorp SE generated revenue of €23.6M at a net margin of 19.7%. Revenue grew 4.7% year over year. It earns a return on equity of 32.9%. The balance sheet holds a net cash position of €4.8M. Fundamentals as of Jul 16, 2026

Our scenario range runs from €25.86 (bear case) to €51.18 (bull case); at €19.40, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 73% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 2% fair-value upside, at 56%, ALDNX screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income €12.20 €16.65 €70.13 76
Growth DCF €9.24 €10.84 €13.22 72
Growth-Adj P/E €27.56 €39.37 €51.18 68
All 22 models by family
DCF Models
FCF DCF €9.07 €10.78 €13.52 38
Owner Earnings €3.86 €4.22 €4.79 31
5Y Revenue Exit €17.99 €27.21 €40.63 39
5Y EBITDA Exit €19.02 €28.97 €42.15 41
5Y P/E Exit €23.22 €36.23 €51.69 38
10Y Revenue Exit €13.17 €18.82 €25.02 36
10Y EBITDA Exit €14.20 €19.76 €25.78 37
10Y P/E Exit €16.38 €23.59 €30.56 35
Earnings-Based
Graham-Dodd €16.11 €19.69 €22.15 54
EPV €20.07 €22.18 €23.90 59
Multiples
P/E Multiple €39.10 €52.13 €65.16 63
P/S Multiple €30.21 €40.28 €50.35 58
P/B Multiple €22.66 €30.21 €37.76 55
EV/EBIT €40.70 €53.43 €66.16 53
EV/EBITDA €32.26 €42.18 €52.11 54
EV/Revenue €28.16 €39.15 €50.15 43
Asset-Based
NCAV (Graham) €4.32 €5.78 €8.63 50
Growth DCF
Growth DCF €9.24 €10.84 €13.22 72
Rev-Margin DCF €17.99 €27.39 €38.67 67
Economic Profit
Residual Income €12.20 €16.65 €70.13 76
ROIC Compounder €20.07 €22.61 €24.87 67
Growth Earnings
Growth-Adj P/E €27.56 €39.37 €51.18 68

Widest divergence: Multiples (€40.28) versus Asset-Based (€5.78). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €24.2M
Revenue growth (YoY) +5.2%
Net margin 22.6%
Return on equity 36.9%
Free cash flow €1.8M FY2025
P/E ratio 9.5
More key figures
Operating margin 30.4%
EPS (TTM) €2.22
Dividend yield 2.9%
EPS growth (YoY) +27.6%
Net cash €4.8M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 63 · Market factors (momentum, volatility) 60

Profitability 77
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

DNXCorp SE engages in the development and promotion of internet-based audience in Luxembourg, France, and internationally. The company offers traffic generation, a space purchasing platform; website and services development; integrated payment systems; databases management; optimisation of real time data analysis; and CRM analyses and actions.

Full company description

DNXCorp SE engages in the development and promotion of internet-based audience in Luxembourg, France, and internationally. The company offers traffic generation, a space purchasing platform; website and services development; integrated payment systems; databases management; optimisation of real time data analysis; and CRM analyses and actions. It also operates consumer websites in the entertainment and e-commerce markets. DNXCorp SE was incorporated in 1999 and is based in Luxembourg, Luxembourg. DNXCorp SE is a subsidiary of Pm Equity S.À R.L.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

DNXCorp SE reported revenue of €24.2M in FY2025 versus €20.9M in FY2021, a compound +3.8%/yr. Reported net income was €4.7M in FY2025, compounding +0.6%/yr from FY2021.

Growth Quality 55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€24.2M
Latest YoY
+5.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.6%
Avg. growth/yr (16Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−6.2%
Revenue +3.8%/yr
FY21 €20.9M
FY22 €20.1M
FY23 €22.0M
FY24 €23.0M
FY25 €24.2M
Net income +0.6%/yr
FY21 €4.6M
FY22 €4.0M
FY23 €5.7M
FY24 €4.6M
FY25 €4.7M

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Cite: Fair Value Calculator (2026). "DNXCorp SE Fair Value". https://www.fairvalue-calculator.com/stock/ALDNX

Peer Group

Internet Content & Information · 151 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 65 · Above median
Fair Value upside +56% · Top 25%
Return on equity (TTM) 37% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) 30% · Top 25%
Revenue growth 5% · Below median
Dividend yield (TTM) 2.9% · Above median

Valuation Multiples vs Internet Content & Information median · lower = cheaper

P/E (TTM) 9.5× · Cheaper than 75% of peers
P/B 2.82× · Pricier than median
P/S (TTM) 2.00× · Pricier than median
P/FCF 26.8× · Pricier than 75% of peers
EV/EBITDA 6.1× · Cheaper than 75% of peers
PEG 2.52× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 26 · sector 31
PAST 100 · sector 10
HEALTH 0 · sector 99
DIVIDEND 59 · sector 43

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Alphabet Inc GOOGL $354.46 $145.14 -59%
Meta Platforms, Inc META $669.21 $534.91 -20%
Tencent Holdings 0700 HK$460.20 HK$467.50 +2%
Spotify Technology S.A SPOT $485.38 $209.56 -57%
Baidu, Inc BIDU $113.30 $451.51 +299%
Reddit, Inc RDDT $195.34 $39.59 -80%
Kuaishou Technology, an investment holding company, 1024 HK$44.70 HK$101.03 +126%
NAVER Corporation 035420 191,300 KRW 231,585 KRW +21%
Tencent Music Entertainment Group 1698 HK$34.74 HK$65.78 +89%
REA Group REA A$149.14 A$88.53 -41%

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Frequently asked questions

Is DNXCorp SE (ALDNX) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €30.28 versus a price of €19.40, about +56% (undervalued).
What is the fair value of ALDNX?
Our model-based fair value for DNXCorp SE is €30.28 (as of Jul 16, 2026), built from audited fundamentals. The current price is €19.40.
What is the quality score of ALDNX?
DNXCorp SE has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of DNXCorp SE (ALDNX)?
DNXCorp SE reported trailing-twelve-month revenue of about €23.6M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of ALDNX?
The net profit margin of DNXCorp SE is about 19.7%, meaning it keeps roughly 19.7% of revenue as net income. Based on the latest reported figures.
Does DNXCorp SE pay a dividend?
DNXCorp SE currently shows a dividend yield of about 2.94% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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